Kanye West claims that four of his bank accounts have had a massive $75 million hold placed on them by his former business partners adidas.
Ye gave an explanation of his decision to run for president once more in 2024 in an interview with the celebrity gossip website X17. He said that adidas reportedly broke into his bank accounts and locked away all of his money, which is why he made this decision.
Ye’s reply was that if the athletics firm had any legal justification for doing so, he would run for office in an effort to reform the rules and safeguard both Americans and their money.
“The reason why I’m announcing that I’m running for president is I want the FCC to look at my money,” Ye said. “If they actually see, I was looking at my money, and there might have been a possibility that adidas wouldn’t have went into JP Morgan and froze my account and put a $75 million hold on four different accounts.”
He added: “I went from being a multi-billionaire to not even being able to use my Apple Pay four nights ago. I couldn’t use my Apple Pay because someone how Adidas was able to legally go in and freeze my money, and when I see this, I think, well, if this could happen to me, this could happen to other Americans, and for what?
“You know this can happen to an American that didn’t even steal anything, that didn’t even hurt anyone. This could just happen to you for saying the wrong idea out loud.”
Ye’s words follow the break-up of his business relationship with adidas in October due to his anti-Semitic sentiments. The partnership was officially ended by the corporation, which also stated that Kanye West’s departure will cause it to lose $246 million in net income in 2022. According to Bloomberg, the company’s stock dropped as much as 4.5 percent.
“adidas does not tolerate antisemitism and any other sort of hate speech,” the statement read. “Ye’s recent comments and actions have been unacceptable, hateful and dangerous, and they violate the company’s values of diversity and inclusion, mutual respect and fairness.”
“After a thorough review, the company has taken the decision to terminate the partnership with Ye immediately, end production of Yeezy branded products and stop all payments to Ye and his companies. adidas will stop the adidas Yeezy business with immediate effect.”
Following the end of his lucrative adidas contract, Ye’s position as a billionaire reportedly ceased to exist, according to Forbes. According to Forbes, Kanye’s relationship with the major German sportswear company contributed $1.5 billion of his personal worth. Ye is apparently valued closer to $400 million now that he has been fired from the corporation.
Fans were upset when adidas stated earlier this month that it will continue to sell Yeezy goods under a new brand name. Harm Ohlmeyer, the chief financial officer of adidas, reportedly told Insider that the business owns all of the “new versions” and “colorways” of the Yeezy creations.